the modern corporation

AgendaWhat Is A Corporation ?How To IncorporateAdvantages Of Corporate OrganizedDisadvantages Of Corporate

OrganizedBusiness CombinationsAcquisitionMergerOthers Types Of Corporations

What Is A Corporation?

A legal entity that is established to perform a specific business.

How To IncorporateOne incorporator, a corporation can be formed by simply filing an application for a charter with the respective state. 

The Incorporator Will Put On Record Facts, Such As:1. Company Name, Address Of Corporation2. Purpose For Which The Corporation Is Being

Formed3. Length Of Life4. Amount Of King Of Stock The Corporation5. Power Of The Original Board Of Directors6. Date And Time Of Shareholders7. Names Of Initial Subscribers To Stock Shares8. Procedure To Alter Or Repeal Any Provision

Advantages of Corporate OrganizedLimited liabilityEase of transferring ownershipEase of ExpansionRelatively long lifeGreater ability to hire specialized

management.

Disadvantages of Corporate Organized

Difficulty And Expense Of StartingLack Of ControlGovernment InvolvementCredit Limitation

BUSINESS COMBINATIONS• Achieve greater profitability,

efficiency and competitiveness.

Acquisition• One firm buys a majority interest in another,

but both retain their identities.

For Example: Investment Corporation Of Bangladesh (ICB)

Merger• Two or more companies become a

single enterprise.For Example: Renault And Nissan

Different Types Of MergerHorizontal Merger

Vertical Merger

Conglomerate Merger

Others Types Of Corporations

Government Corporation

Nonprofit Corporation

Cooperatives